Donald Trump’s Poll Numbers Move Markets—in Mexico

08/13/16 The Wall Street Journal 

peso by Guanatos GwynMEXICO CITY—Mexican-peso traders long used to watching out for anything from oil prices to U.S. payrolls now have one more thing to consider: polls showing who is ahead in the race for the White House.

A spate of recent surveys showing Democratic candidate Hillary Clinton ahead of Republican Donald Trump coincided with the peso reaching its strongest level against the U.S. dollar since the end of June, when the Bank of Mexico raised interest rates by an unexpected half-percentage point. A number of traders and analysts said those polls contributed to the peso’s gains.

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